Prohibited Dispositions. Any purported Disposition of all or any part of an Interest that is not a Permitted Transfer shall be null and void and of no force or effect whatever; provided that, if the Partnership is required to recognize a Disposition that is not a Permitted Transfer (or if the Partnership Board, in its sole discretion, elects to recognize a Disposition that is not a Permitted Transfer), the Interest Disposed of shall be strictly limited to the transferor's rights to allocations and distributions as provided by this Agreement with respect to the Transferred Interest, which allocations and distributions may be applied (without limiting any other legal or equitable rights of the Partnership) to satisfy any debts, obligations, or liabilities for damages that the transferor or transferee of such Interest may have to the Partnership.
Prohibited Dispositions. A Party is prohibited from Transferring any of its interest in the Properties or Other Asset or any of its rights under this Agreement unless:
Prohibited Dispositions. Sell or otherwise dispose of (A) all, or a substantial portion of the Property of any Company, or (B) any Property, other than in arm's length transactions that are made in the ordinary course of business, provided, however, that the Companies may engage in any Permitted Dispositions so long as no Default has occurred and is continuing. Notwithstanding the prior sentence, this provision shall not be deemed to have authorized any sale or disposition that will result in a violation of any other provision of this Loan Agreement or any other Loan Document.
Prohibited Dispositions. Any attempted sale, assignment, transfer, exchange, mortgage, pledge, grant, hypothecation, or other disposition of any Units will be null and void if it is not made in compliance with this Article 7 or:
Prohibited Dispositions. Except insofar as may otherwise be required by law, or permitted by Article IX hereof, no Member's Membership Interest in the Company, in whole or in part, shall be subject in any manner to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge, or encumbrance of any kind, nor in any manner be subject to the debts or liabilities of any Member, and any attempt to so alienate or subject any such Membership Interest shall be null and void.
Prohibited Dispositions. Except as set forth on SCHEDULE 5.07, other than provision of services in the ordinary course of business and consistent with present practice or except as expressly permitted by GoodAero in writing, the Company shall not, (i) sell, lease, transfer or otherwise dispose of any of its assets or property having a book or market value in excess of $50,000 in the aggregate or that are otherwise material, individually or in the aggregate, to the business, results of operations or financial condition of the Company or (ii) enter into, or consent to the entering into, any agreement granting a preferential right to sell, lease or otherwise dispose of any of such assets. Except as set forth on SCHEDULE 5.07, notwithstanding anything to the contrary above, the Company shall not lease, sell, purchase or otherwise acquire or dispose of any interest in or usage of any rights to any (i) aircraft, (ii) landing rights or landing slots or (iii) gates, ticket counters or other airport facilities.
Prohibited Dispositions. To the fullest extent permitted by law, any purported Disposition of an Interest that is not made in accordance with Section 10.1 or the Unitholders Agreement shall be null and void and of no effect whatever; provided, however, that, if the Company is required to recognize a Disposition of an Interest that is not made in accordance with Section 10.1 or the Unitholders Agreement, the transferred Interest shall be strictly limited to the transferor's rights to allocations and distributions as provided by this LLC Agreement with respect to the transferred Interest, which allocations and distributions may be applied (without limiting any other legal or equitable rights of the Company) to satisfy any debts or obligations, or liabilities for damages that the transferor or transferee of such Interest may have to the Company. To the fullest extent permitted by law, in the case of a Disposition or attempted Disposition of an Interest that is not made in accordance with Section 10.1 or the Unitholders Agreement, the parties engaging or attempting to engage in such Disposition shall be liable to indemnify and hold harmless the Company and the other Members from all losses, costs, liability, and damages that any of such indemnified Persons may incur (including incremental tax liability and reasonable lawyers' fees and expenses) as a result of such Disposition or attempted Disposition and efforts to enforce the indemnity granted hereby.
Prohibited Dispositions. Other than sales and transfers of products in the ordinary course of business and consistent with present practice, and other than those contemplated sales and transfers reflected in the annual budget of Scalable Software which has been delivered to NEON Systems or as otherwise agreed to by NEON Systems (collectively, the "Approved Budget"), Scalable Software shall not sell, lease or otherwise dispose of, or become obligated to sell, lease or otherwise dispose of, any of its assets having a book or market value in excess of $10,000 in the aggregate or that are otherwise material, individually or in the aggregate, to the business, results of operations, financial condition or assets of Scalable Software.
Prohibited Dispositions. A party is prohibited from Transferring its interest in any of the Properties or any of its rights under this Agreement or the Underlying Agreement, unless such Transfer occurs when such party is not in default of any of its covenants and agreements herein contained and it has received the consent of the other party hereunder to such Transfer, which consent may be withheld in its sole discretion. Notwithstanding any other provision of this Article 7, neither Evolving or its Affiliates may Transfer any of their interest under this Agreement or the Underlying Agreement prior to the completion of the Earn-In without the consent of Meridian Minerals, which consent may be withheld by Meridian Minerals in its sole discretion.
Prohibited Dispositions. (a) Any purported Disposition of a Garnet Interest that is not a Permitted Transfer shall be null and void and of no effect whatever; provided, however, that, if Garnet is required to recognize a Disposition of a Garnet Interest that is not a Permitted Transfer, the Transferred Interest shall be strictly limited to the transferor's rights to allocations and distributions as provided by this Garnet LLC Agreement with respect to the Transferred Interest, which allocations and distributions may be applied (without limiting any other legal or equitable rights of Garnet) to satisfy any debts or obligations, or liabilities for damages that the transferor or transferee of such Garnet Interest may have to Garnet.
